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    Question

    Which Indian bank was instructed by the Reserve Bank of

    India (RBI) to stop issuing new credit cards due to IT system outages?
    A ICICI Bank Correct Answer Incorrect Answer
    B HDFC Bank Correct Answer Incorrect Answer
    C Axis Bank Correct Answer Incorrect Answer
    D Kotak Mahindra Bank Correct Answer Incorrect Answer
    E Yes Bank Correct Answer Incorrect Answer

    Solution

    The RBI asked Kotak Mahindra Bank to stop issuing new credit cards and halt the onboarding of new customers through online and mobile banking channels due to repeated outages in its IT systems.

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